Spectra V2 · Base

SJEUR (For LP on Jarvis Network | Maturity Thu Jul 16 2026)

Overview

The Spectra V2 SJEUR pool on Base is a single-asset stablecoin lending position where suppliers earn interest on deposits of the synthetic euro token, SJEUR. The protocol generates yield by routing borrowing demand against pooled liquidity and distributing the resulting interest to lenders.

Total APY stands at 4.38%, combining base lending with an additional reward component. Over the past seven days, the APY has decreased by 2.21% and over the last thirty days, it has fallen by 4.62%. This places the current rate below the 30-day mean of 6.87%.

TVL is $405K with no reported change in the past week; primary exposure here is depeg risk on the underlying stablecoin SJEUR. Given its status as a single-asset pool, this liquidity attracts borrowers seeking stability and predictable returns from synthetic euro deposits.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 3.90%; 30-day mean is 6.65%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 87% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.